Millicom (NASDAQ: TIGO) unit plans full $139.7M 2027 bond redemption

Rhea-AI Filing Summary

Millicom International Cellular S.A. reports that its wholly owned Paraguayan subsidiary, Telefónica Celular del Paraguay S.A.E. intends to redeem in full its outstanding 5.875% Senior Unsecured Notes due 2027. On April 29, 2026, Telecel Paraguay plans to redeem $139,712,000 aggregate principal amount of these notes, which represents all notes currently outstanding. The notes will be redeemed at 100% of their principal amount, plus accrued and unpaid interest and any Additional Amounts up to, but excluding, the redemption date. A formal notice of redemption will be sent to noteholders in line with the governing indenture.

Insights

Credit and capital structure analyst

Telecel Paraguay plans full $139.7M redemption of 2027 notes.

The subsidiary of Millicom intends to redeem $139,712,000 of 5.875% Senior Unsecured Notes due 2027, representing all outstanding notes. Redemption at 100% of principal plus accrued interest effectively retires this specific debt instrument one year before maturity.

This action removes a 5.875% coupon obligation tied to the notes, but the source does not specify how the redemption will be financed or its impact on overall leverage. The credit effect depends on whether the notes are refinanced, replaced, or paid from existing resources.

Holders will receive full principal plus accrued and unpaid interest and any Additional Amounts as of April 29, 2026, in accordance with the indenture. Subsequent financial disclosures from Millicom or Telecel Paraguay may provide more detail on balance sheet effects and any related refinancing.

Key Figures

Notes redeemed: $139,712,000 aggregate principal amount Coupon rate: 5.875% Redemption date: April 29, 2026 +4 more

7 metrics

Notes redeemed $139,712,000 aggregate principal amount 5.875% Senior Unsecured Notes due 2027 to be redeemed

Coupon rate 5.875% Interest rate on Senior Unsecured Notes due 2027

Redemption date April 29, 2026 Scheduled redemption date for all outstanding notes

Millicom employees Approximately 15,000 As of December 31, 2025 including Honduras joint venture

Millicom customers Approximately 52 million Mobile and fiber-cable customers as of December 31, 2025

Homes passed Over 14 million Fiber-cable footprint as of December 31, 2025

Telecel Paraguay employees Approximately 3,100 Staff at Paraguayan subsidiary under Tigo brand

Key Terms

Senior Unsecured Notes, aggregate principal amount, redemption price, accrued and unpaid interest, +2 more

6 terms

Senior Unsecured Notes financial

"its 5.875% Senior Unsecured Notes due 2027 (the “Notes”)"

Senior unsecured notes are a type of loan a company borrows from investors, promising to pay back with interest. They are called "unsecured" because they aren’t backed by specific assets like buildings or equipment, but "senior" because they are paid back before other debts if the company gets into trouble. Investors see them as a relatively safer way for companies to raise money.

aggregate principal amount financial

"redeem ... $139,712,000 aggregate principal amount of its 5.875% Senior"

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

redemption price financial

"redeemed at a redemption price equal to 100% of the principal amount"

The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.

accrued and unpaid interest financial

"plus accrued and unpaid interest and Additional Amounts (if any)"

Accrued and unpaid interest is the interest that has built up on a loan or debt but hasn't been paid yet. It's like owing your friend money for a favor over time—you're expected to pay it later, even though you haven't paid it yet. This matters because it shows how much you owe beyond the original amount borrowed.

indenture financial

"in accordance with the requirements of the indenture governing the Notes"

An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.

Additional Amounts financial

"plus accrued and unpaid interest and Additional Amounts (if any)"

Additional amounts are extra payments or charges that are added on top of a stated sum in contracts, securities, or settlements — for example extra interest, fees, tax items, or post‑closing adjustments. For investors, they matter because these extras change the true cost or return of a transaction; like unexpected shipping and taxes on an online order, additional amounts can alter cash flow, profit margins and the value of an investment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What debt is Millicom subsidiary Telecel Paraguay redeeming according to the 6-K for TIGO?

Telecel Paraguay plans to redeem all outstanding 5.875% Senior Unsecured Notes due 2027, totaling $139,712,000 aggregate principal amount. The redemption targets every note currently outstanding under this series as of the announcement date.

When will Telecel Paraguay complete the redemption of its 2027 senior notes?

Telecel Paraguay intends to redeem the notes on April 29, 2026, defined as the Redemption Date. On this date, noteholders are scheduled to receive principal plus accrued interest and any Additional Amounts under the indenture terms.

At what price will Telecel Paraguay redeem its 5.875% Senior Unsecured Notes due 2027?

The notes will be redeemed at 100% of their principal amount, plus accrued and unpaid interest and Additional Amounts, if any. This means holders receive full face value rather than a discount or premium on redemption.

How much of Telecel Paraguay’s 2027 notes issue remains outstanding before redemption?

The planned redemption covers $139,712,000 aggregate principal amount of the 5.875% Senior Unsecured Notes due 2027. The filing states this represents all of the notes outstanding as of the announcement date.

What does the TIGO 6-K say about Millicom’s overall customer base and network footprint?

As of December 31, 2025, Millicom employed about 15,000 people and served approximately 52 million customers. Its fiber-cable footprint reached more than 14 million homes passed across its Latin American markets.

What is Telefónica Celular del Paraguay S.A.E.’s role within Millicom (TIGO)?

Telefónica Celular del Paraguay S.A.E., operating under the Tigo brand, is a wholly owned Millicom subsidiary in Paraguay. It employs about 3,100 people and provides mobile telephony, cable, broadband internet, and related communication and entertainment services.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

For the month of April, 2026.

Commission File Number: 001-38763

MILLICOM INTERNATIONAL CELLULAR S.A.

(Exact Name of Registrant as Specified in Its Charter)

8400 NW 36^th Street, Suite 530

Doral, FL 33166

United States

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F x Form 40-F ¨

MILLICOM INTERNATIONAL CELLULAR S.A.

INDEX TO FURNISHED MATERIAL

Item
______

1. Press release dated April 17, 2026.

Item 1

 

Millicom (Tigo) subsidiary Telefónica Celular del Paraguay S.A.E. announces its intent to redeem in full Senior Notes due 2027

Luxembourg, April 17, 2026 – Millicom’s subsidiary Telefónica Celular del Paraguay S.A.E (“Telecel Paraguay”) today announces its intent to redeem on April 29, 2026 (the “Redemption Date”), $139,712,000 aggregate principal amount of its 5.875% Senior Unsecured Notes due 2027 (the “Notes”), which represents all of the outstanding Notes as of the date hereof. A notice of redemption will be sent to the holders of the Notes in accordance with the requirements of the indenture governing the Notes (the “Indenture”). Pursuant to the terms of the Indenture, the Notes will be redeemed at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest and Additional Amounts (if any) to, but excluding, the Redemption Date.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security nor a notice of redemption under the Indenture and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

-END-

For further information, please contact:

Press: Sofía Corral, Director Corporate Communications press@millicom.com Investors: Luca Pfeifer, VP for Investor Relations
investors@millicom.com

About Millicom

Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO^® and Tigo Business^® brands, the company provides a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, highspeed data, voice, and business-to-business solutions such as cloud and security. As of December 31, 2025, Millicom, including its Honduras Joint Venture, employed approximately 15,000 people and provided mobile and fiber-cable services through its digital highways to approximately 52 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg with principal executive offices in Doral, Florida.

About Telefónica Celular del Paraguay S.A.E.

Telefónica Celular del Paraguay S.A.E. is a wholly-owned subsidiary of Millicom International Cellular S.A. under the brand Tigo, which employs approximately 3,100 people and is the leading provider of communications, information, entertainment and solutions services in Paraguay through the provision of mobile telephony, cable and broadband internet. 

1 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		MILLICOM INTERNATIONAL CELLULAR S.A. (Registrant)
		By:	/s/ Salvador Escalón
			Name:	Salvador Escalón
			Title:	Executive Vice President, Chief Legal and Compliance Officer

Date: April 17, 2026